New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-08
ues In the purchase Of bonds, tho price
would 80 much hGher Indeed Il 3 doubtful Il


erabc saving In Interest to the Government So that
1t docs not SEEM wise 10 c0rtnue taxation beyond the
ay 'ocus oi poVcrmhoLt ana th'n resort 90 the
buying OF bonds for the mere purpose OF iodstbuting
the circulating media among the people. ] am not
hoWcvrr at present disposed 3, recommend he repeal
or tho snkingfund requirements II tho present laws
IL is probable that tho command OF these laws only
DO obcycd At ncavy cost brt nevertheless IS betcr
and wholesome tha the county should each year
continue to devote such sum they require to tho
cxtinguishmcnt of much OF the bearing debt
as can be purchasd therewth. At least tie oxpe,
nen Should he faithfully tried until 1t demonstrated
to he failure.
The Government has paid premium in gold
Tor us bonds for AN purpose but the sn.bg fund AMI
n has done thai bu three tmes-n 1870 whom IT paid
premium in gold Of ~. 7o5.32O ~: In 1881, pre-
year WhHr IT has raid premium Of -. s5? ,ol5 81.
win these exceptions, tho Government has AWAY
bonds at par less and has srqucnty teen cnabod
to apply almost tho whole 81 the vast surplus rsvennc
Interest bearing debt upon fairly good terms Il (, not
nrohas. that Il 80 d. tbs a. & any considerable por
The slnltnc ilnd r"qn rn's Eth last fiscal vcr
were s479o3ot' > hich, deducted from the srrlus
r"vrnnc. VIZ, 500 CO.. 50, left 55.5C7 SAG "a
called for by any law; this money. together with a
,nGr sun ", nl ace nrlaIqS Of former years was
so that in ALL SD sci 100 % hror por coat bonds wore
nfir'd during that Year in addition To- those carried
SOD thrrr per cents. retired In 81.
III All OF me three pcr cont bonds have been cancelled
m TlnHng fnnd requirements Of IN" hs' a year end
nero Is no way NJ Dor c>ittG laws to pat ont again
among the people the SURPLUS money whit comes into
th' Iftfsuy except 4 bc that clause In an apprapi-
alton act OF 1871 authorizes the OF IN Trans
nry 10 purchase bonds In tho market at such price and
IN such amounts is h" llay think best a power witch
unnecessarily Ought not To lc gvrn to- ara a resi- on
Government ~ f' my ~ "
do not mention deposits I'm National Sank deposl-
I a. means of tcrpne The clrcT.a Ing cda avail
very limited under present laws and oucIi NOT IN
hc n>"d except I'm exceptional circumstances snch as
have existed of ate and because there Is no better IN
IT, iu.
da Ie'TG is IN he Tge9sn Of available funds at his
every day grow. l,iaor ! "ar,rIi =. itma,c erno's
cnd ms n SYN VI! BE- Increased TO $40 100000 the
IN" present tax ani approp iafion lava
a. .S"iu>h stat smanShp must now bc Invoked 10 save
Threaten. WV III" '''''''''''
UNNECESSARY FXPFNDiTrRr
cannot believe that IT VIII adopt inc second OK
F"'"' VIZ Inc enlargement Of Government cX-
Io'>N SIMPLY 10 cNprnd mOuy alS"d by taxa ION w'cr
" P"oi' veal does not otherwise cal for the cxucni
Huic Every dollar tahcn by ttNr'i,n from the man
VINO mas II employed IN business which the natural
wants of the community call for and corrcd ,nto tho
Tra>nrY "Vcn II At once laid ont again ~ saiisf~ oh
HS"luN cifdi"I los law I'm excess OF III, healthy need,
and ~ i,n,,,as - u"ll" u'cd I. Liscmploy labor
""n,cn t ,.",'ril,h ne people and a. SIRE con,c
Iu"m' 10 Impose In the end tho burdcn Of excessive
taxation upon tie labor Of the country.
We can easily comprehend the case II We consider
i V"nimuhty ~ say ono hundred mon II ten Of Tho
u"Wurr on MS community axe employed IN the con.
>'rucilon 81 fortIhca'ionS Of public huidlngi II Is
evident that The other ninety must exrcnd portion
~ re irhi, of their labo. In the support of the ten
10 do this they either work un,. bnrrs AZ A.
~ ~" wear than they otherwise would do or thcy
must deprive Themselves Of certain com forts and saw
me- me same relations OF labor I'm general to labor
'Hlp"t'd by Government obtain ia our great com
Wnniiy OF sixty millions Of people although numbers
anu '' complex nature of society make n les, easy
hereof -"
., have used as Illustrations Notifications and pob
nc nHiidlhtS not bccau~r the Government shorld not
"."u "IIhchti"h' in such ext ut VIII give the
r"'ni ample protection against Invasion AMI cna t.
~ AZ an lines io maintain ~ dignity. lccausr II
'hruld not build public buildings of Surh size and mum
b"rs as arr needed for tho convenient and hfiiur
transaction ~ public hu>incss but 10 show that rycn
the most mcrtornIs cSpcn,.lfures ~ rnv.r,r.r, ,.
'rldom anything but an uuprpduciivc burden uron
thr whole body Of labor. and that consequently t,x
hi"n %YUnH The Absolute needs Of government i an
INJURY 10 tn" prop" ~ TIC country no matter for hat
purposes 'h" proceed, Of taHaiion arc expended
and iG r5y Sp@a ry''c rsroni for ,iohne od Gnrc,
Of government should be rejected
REDUCTION OF Rrvr>uF
Pcdncilon Of N" revenue from taxation IS the only
III remedy for ~" evils which threaten tho country
This may be accomplished % various ways.
Increased Di,i,s.
Ono which has been proposed IS 70 compel a De.
crease OF importation and consequently decrease Of
revenue nom customs by largely Increasing the rate.
II duties. This plan could be made to reduce the
customs revenue. Int IT would Increase the peoples
taxation far NOR" than It would decrease the revenues,
and should not bc adopted.
Tnt,rnai Rcrrnu TLr0iion.
Another way IS 10 reduce or abolish informal revenue
tavailon. In favor Of this Is IN, fact that in small
part Of the Southern tho Internal tax on liquors
and tobacco IS thought to Doe oppressive and is odous
TO the people Of those regions; and the further fact
that by It's reduction The expenses Of tS collection
might be- somewhat reduced. by rs total abolition
they might be done away with altogether. These cN-
pcnscs shown by the complete and interesting
port Of the Commission 81 Internal Revenue which
| s commended 10 your careful attention. amounted
during The last fiscal year to Si0l6 IL 80 being $40
per cent Of The amount collected The cost Of the
collection Of the revenue from customs for tho same
year was s6-3O.206 10, being 3l2 per cent Of the
amount collected
The chief causc for the prejudice against THIS tax
seems to bee that A. there va, no such tax before the
war for tho CniOn II Is looted upon "A remainder Of
the measures adopted 10 raise money TO carry the
war ana which ought not to DC continued In time {"
peace aud interfering !n way with the natural
rights Of mankind to grow grain and tobacco and man
nfactnrr thrr"fI"m spirits. cigars snnii ana the v"r
| Gus forms Of mcrchautabc tobacco. OF course tax
alton Of whiskey and tobacco respa,scs no more upon
| The natural rights 81 mar than does III" thffi"n 81
| his clothing ~ his bedding Of every implement which
he uses IN the cultivation Of his grain and tobacco
and In the disaiiOn or manufacture of the same
| Tho burden Of the one tax Is direct known. fixed
thc whole Of II goes into the Governments Treasury
n" burden ~ the other IS indirect and unknown, an'
| only portion OF II comes into tho Treasury II
reaches ia" farmer dstlcr increased by the profit
mon Itself which every merchant must take rs th'
| clothing or tool, pass through his hands on ilcli
| Journey TO them from tho foreign or domestic man
ufarturer. Taxation there must be The choice Is be
tween kinds Of taxation: each man can decide fo
| himself II he viii examine the subject free from prol
rdcc. which Is the least burdcnsomc FOR him. for hf
family. and for his ncChbnrs. and which Il IN tho en-
better for his whole country. That informal taxation
Of spirits and tobacco began during tho war Is not
reason why II should be- done with now, n II be
in if4elf wise. the fact that the rates Of customs
taxation. were raised during the same war far hlgh"
than before In history and hnv" been contn
nod until now ought not Ia Determine the manner o
their treatment this should rather dcrcri upon "ha
| IL lust AMI rNpcGlcnt at IN" present time Nrl'hr
| pnssion prejudice. scntimrntality should hhV'
place the consideration Of questions Of taxation
As to hc expense Of collecting the Internal r"vcnte
| suggest that an amalgamailon OF the customs nn'
internal revenue systems T. entirely feasible. and tina
| thereby n largo number 81 oHlces might be made no
To exceed that ~ efficient enforcement OF tho ems
toms laws. | earnestly commend This suggestion u
the careful consideration Of the Congress. Is Nh
part 81 craftsmanship to give mp revenue so "aSI
| collected. TO unaccustOm our people to Us pNWeh
and 10 do aw0y with all machinery Tor us coccuon